The Latin America, Middle East and Africa Bakeware Market would witness market growth of 7.2% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 10,662.3 thousand Units, showcasing a growth of 8.5% (2023-2030).
Baking is the traditional and most common use of bakeware. Bakeware for this application includes cake pans, muffin tins, loaf pans, and baking sheets. Bakeware is also essential for roasting a variety of meats and vegetables. Roasting pans, often made of stainless steel or cast iron, provide even heat distribution, ensuring that food cooks evenly and develops a flavorful crust. Homemade pizza has gained popularity, and bakeware designed for pizza making includes pizza stones, pans, and screens. These tools help achieve that perfect, crispy crust. Specialty bakeware includes intricately designed molds and pans for these specific treats.
Companies are actively introducing eco-friendly solutions, such as recycled aluminum cookware and coatings made from natural elements like water. Tasty, a global food network, capitalized on this trend by launching a sustainably sourced cookware range in Kaufland stores, catering to millennials' preferences for stylish, practical, and affordable kitchen products. The positive response indicates a growing market potential, emphasizing the significance of eco-friendly and elegant product options, particularly among younger consumers.
According to the International Trade Administration (ITA), the United Arab Emirates is the leader in e-commerce among Gulf Cooperation Council (GCC) states, where the industry grew by 53 percent in 2020. As the UAE industry has nearly 100 percent internet and mobile penetration, the Dubai Chamber of Commerce and Industry estimates eCommerce to generate $8 billion in sales by 2025. The above aspects will expand the market growth across the region in the upcoming years.
The Brazil market dominated the LAMEA Bakeware Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $135.1 million by 2030. The Argentina market is exhibiting a CAGR of 7.8% during (2023 - 2030). Additionally, The UAE market would experience a CAGR of 6.9% during (2023 - 2030).
Based on End-user, the market is segmented into Commercial, and Household. Based on Product, the market is segmented into Pans & Dishes, Tins & Trays, Molds, Cups, Rolling Pin, and Others. Based on Material, the market is segmented into Aluminum, Glass, Stoneware, Stainless steel, Carbon Steel, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Bakeware Market is Projected to reach USD 5.6 Billion by 2030, at a CAGR of 5.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Groupe SEB, Newell Brands, Inc., Le Creuset France SAS, Meyer Corporation, U.S. (Meyer Manufacturing Co. Ltd.), Wilton Brands LLC (Dr. August Oetker KG), Fackelmann GmbH + Co. KG, Northland Aluminum Products, Inc. (Nordic Ware), USA Pan, International Cookware Limited (Kartesia) and Emile Henry.
By End-user (Volume, Thousand Units, USD Billion/Million, 2019-2030)
By Product (Volume, Thousand Units, USD Billion/Million, 2019-2030)
By Material (Volume, Thousand Units, USD Billion/Million, 2019-2030)
By Country (Volume, Thousand Units, USD Billion/Million, 2019-2030)
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